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New Details Emerge About Jen Shah’s Infamous ‘Shah Ski Chalet’ Home Following Her Arrest For Alleged Fraud!

Jen Shah's home, which is infamously known as 'Shah Ski Chalet' on The Real Housewives of Salt Lake City, never belonged to the Bravo reality star. 

According to the New York Post, the $3.9 million home is owned by the Texas-based real estate rental company, Univesco Inc., which is under the limited liability company RJW Capital Investors. 

Property records discovered by the outlet reveal Univesco Inc. has owned the 9,420-square-foot home since 2014.

Steven Frey of Univesco told New York Post she had no idea that Shah had been hyping the property as her own on the show. A separate spokesperson handling their Utah properties exclusively is expected to provide more details at a later time.

Bravo itself may have also been deceived, considering they did not shy away from promoting the chalet on the show, including a featured article on the network's website. But insiders told the outlet the network was well aware of the rental status.

The publication notes that they couldn't find any documentation to substantiate Shah’s claims of owning four other properties and an apartment in New York City.

However, the home, which was featured on the first season of RHOSLC, was up for sale in 2019, until the five-bedroom, six-bathroom spread was taken off-market — apparently during the time Shah began filming for the show, according to documents.

According to the listing, the home is equipped with “three substantial master suites, each with its own fireplace and sitting area, and two additional bedroom suites.”

However, Shah’s actual home is located in Sandy, Utah, which she owned with her husband, University of Utah football coach Sharrieff Shah, from 2004 until she sold it at a loss in June 2020. They initially purchased the home for only $302,069. It eventually sold for $213,000.  

Currently, records indicate that Shah and her husband are renting an approximately $8,000-a-month Park City space that they moved into shortly after selling their 16-year home. 

The news comes after Jen Shah and her assistant, Stuart Smith, were arrested for their alleged roles in a telemarketing scheme that defrauded hundreds of victims throughout the United States on Tuesday, March 30. 

Shah and Smith were booked in Salt Lake City on conspiracy to commit wire fraud in connection with telemarketing and conspiracy to commit money laundering charges. They each face a maximum sentence of 30 years for the wire fraud charges and an additional 20 years for the money laundering charges.

“Jennifer Shah, who portrays herself as a wealthy and successful businessperson on ‘reality’ television, and Stuart Smith, who is portrayed as Shah’s ‘first assistant,’ allegedly generated and sold ‘lead lists’ of innocent individuals for other members of their scheme to repeatedly scam,” Manhattan U.S. Attorney Audrey Strauss said in a press release on Tuesday, reports the outlet. “In actual reality and as alleged, the so-called business opportunities pushed on the victims by Shah, Smith, and their co-conspirators were just fraudulent schemes, motivated by greed, to steal victims’ money. Now, these defendants face time in prison for their alleged crimes.”

“Shah and Smith flaunted their lavish lifestyle to the public as a symbol of their ‘success,’” HSI Special Agent-in-Charge Peter C. Fitzhugh added. “In reality, they allegedly built their opulent lifestyle at the expense of vulnerable, often elderly, working-class people. As alleged, disturbingly, Shah and Smith objectified their very real human victims as ‘leads’ to be bought and sold, offering their personal information for sale to other members of their fraud ring. Working with our partners at the NYPD and the United States Attorney’s Office, SDNY, and with the assistance of HSI Salt Lake City, HSI New York worked to ensure that Shah and Smith will answer for their alleged crimes. As a result, their new reality may very well turn out differently than they expected.”

According to Us Weekly, New York Police Department Commissioner Dermot Shea went on to thank the “hard work” of the NYPD for the case.

“These individuals allegedly targeted and defrauded hundreds of victims but thanks to the hard work of the NYPD and our law enforcement partners, this illegal scheme was brought to an end,” Shea said on Tuesday. “I congratulate the NYPD detectives, Homeland Security Investigations, and the U.S. Attorney for the Southern District of New York for their hard work in bringing these persons to justice.”

Production on season 2 is currently underway, with Shah expected to return alongside Meredith Marks, Whitney Rose, Heather Gay, Lisa Barlow, and Mary Cosby. Shah has yet to publicly comment on the case.

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Photo Credit: realtor.com; Bravo Media/NBCUniversal